Investment

Small
Business

Farmers get early access to term deposits

ANZ Bank is offering dairy farmers, and other farmers, concessions to help deal with debt and lower prices, including a three-month suspension of loan repayments, waived loan restructuring fees, adjustments to lending limits on credit cards and early access to term deposits.

National Australia Bank said its bankers were also providing support to farmers on a case by case basis.

Source: ABC Rural

Advertisement

Related Articles:

APRA warns on early super access September 26, 2003 APRA has warned superannuation fund members not to deal with those offering advice on accessing their preserved super benefits before retirement. Preserved super benefits can only be withdrawn at retirement at 55 years of age or later. The law permits the early release of super benefits but in very limited…

Early super access scam hits poor February 4, 2004 ASIC and the ATO are targeting promoters of schemes offering super fund members early access to their benefits. The schemes' operators focus on low-income earners, people in financial difficulties, retrenched workers and people living in remote and rural communities. At worst, the operators steal super fund members' money by convincing…

Warnings over early super access September 22, 2004 The Australian Securities and Investments Commission has warned promoters, and the media, about schemes offering people illegal access to their superannuation. Some promoters charge fees to help people in financial distress access their super before they turn 55. However, early access is only allowed in cases of severe financial hardship…

Government announces farmers will get cheap loans February 27, 2014 The government will subsidise loans for farmers. Loans up to $1 million, or 50 per cent of a farm business’s debt (whichever is lower) will be available. Up to $280 million in concessional loans will be available to eligible drought-affected farm businesses for debt restructuring, operating expenses and drought recovery…

Farmers in a rush on FMD deposits July 6, 2005 The highest proportion of farm management deposits – which help farmers defer income tax to a later tax year - are made in June. The majority of withdrawals occur during September, which is typically a high expense period for winter cereal growers. Deposits must remain in place for 12 months…

Farmers dip into their deposits October 17, 2006 Balances held under the Farm Managed Deposits scheme have fallen from a peak this decade of $2.8 billion in June 2005 to the current level of $2.4 billion, indicating that farmers are using their savings to cope with loss of income caused by drought. The Farm Management Deposits scheme allows…

Westpac flood help for farmers November 28, 2000 Following Deputy Prime Minister John Anderson’s call for flood victim assistance from the big banks, Westpac has announced an extension of its Drought Policy to include circumstances such as multiple failed crops. NSW farmers affected by the recent floods will benefit from Westpac’s newly revised policy. Under the new changes,…

New mobile service keeps farmers on the move, in the know June 15, 2001 Farmers can now enjoy convenient mobile access to information relevant to their farming operations thanks to a new phone service from Telstra and leading agricultural website InFARMation. The new CDMA WAP service launched today by Telstra offers a comprehensive information service for a number of industries and user groups but…

Farmers back call for bush bank October 31, 2001 The Federation of Australian Business & Agriculture has backed a call for a so-called "people's bank". Former ANZ Banking Group CEO, Will Bailey, recently raised the idea of a government-backed bank that would provide low interest loans to small business and farmers. Federation spokesman, Jim Vote, says rural areas have…

Banks urged to go easy on farmers November 4, 2002 Deputy Prime Minister John Anderson is urging banks to be sympathetic to farmers who are in financial difficulties due to the drought. Following forecasts that farm incomes will slump 40 per cent over the next year, Mr Anderson said he's pushing for an agreement from banks that they'll go easy…

For information on how we've selected these
"Sponsored" and
"Featured" products click here.
The comparison
rate is
based on a secured loan of $150,000 and a term of 25 years. WARNING: These comparison rates apply only
to
the example or examples given. Different amounts and terms will result in different comparison rates.
Costs
such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in
the
comparison rate but may influence the cost of the loan.Compare More
Home LoansCompare More

Important information about this website

Who we are

InfoChoice is one of Australia’s leading financial services comparison website. We've been helping
Aussies find great offers on everything from credit cards and home loans to savings and personal
loans and more for over 25 years.

InfoChoice lists more than 3,000 financial products from 145 Australian banks, credit unions,
building societies and non-bank lenders.

We are not owned by a bank or an insurance company. InfoChoice, its directors, officers and/or
Representatives do not have any ownership of any financial or credit products or platform providers
that would influence us when we provide general advice. We may receive fees and commissions from
product providers for services we provide as detailed below.

Important Information

Although we cover a range of products, providers and services we don't cover every product, provider
or service available in the market. Products compared may not compare all features and options that
may be relevant you. Not all products offered by each supplier may be compared. The information and
products contained on this website do not constitute recommendations or suggestions to purchase or
apply for any particular product. Any advice provided on this website is of a general nature and
does not take into account your objectives, financial situation or needs. Products included on this
site may not suit your personal objectives, financial situation or needs. InfoChoice is not a
product issuer or a credit provider and does not provide personal financial advice or credit
assistance.

If InfoChoice refers you to a provider, you will be dealing with that provider directly and not with
us. InfoChoice accepts no liability in respect to any financial or credit product which you elect to
acquire from any provider.

By providing you with the ability to apply for an insurance quote or a credit facility we are not
guaranteeing that your application will be approved. Your application is subject to the Provider’s
terms, conditions and criteria.

Please consider whether it is appropriate for your circumstances, before making a decision to
purchase or apply for any product. If you are considering acquiring any financial product you should
obtain and read the relevant Product Disclosure Statement or other offer document prior to making an
investment decision.

We endeavour to provide you with up to date and accurate information, however, on some occasions
InfoChoice website may have some product changes that have not been reflected due to the large
volume of products we compare and our reliance on product providers. InfoChoice will not accept
liability for incorrect information. You should confirm any information with the product provider
and read the information they provide.

Please take an opportunity to read InfoChoice’s Privacy Policy, Terms of Use Policy and Financial
Service Guide and Credit Guide (FSCG).

Always free for you

Our service is free - no hidden fees or mark ups.

How we make money

“Sponsored” products are products offered by a provider with which InfoChoice has a commercial
marketing arrangement in place.

“Sponsored” products are displayed first within the search results pages and can be re-sorted without
this filter by de-selecting the “Show sponsored listings first”. They will have a link to a product
provider’s website should you wish to get more information or apply for the product. InfoChoice has
a commercial relationship with these product providers and may receive a commission, referral, fee
or payment from a provider when you click on a link to a product.

Fees for clicks referred to product providers on the following basis:

Cost per Click (CPA) for click referred from the InfoChoice website to a product provider

Cost per Application (CPA) for completed applications that resulted from clicks referred from
the InfoChoice website to a product provider.

Cost per Approved Application (CPAA) for completed approved applications that resulted from
clicks referred from the InfoChoice website to a product provider.

Cost per Lead (CPL) for enquiries referred to a product provider or where enquiries result from
referred clicks from the InfoChoice website to a product provider.

Commission share on referrals to third party advice providers.

Advertisement

“Featured” Products and “Advertisement” are a form of advertising. InfoChoice may receive a
commission, referral, fee, payment or advertising fees from a provider when you click on a link to a
product. We may sort or promote the order of these products based on our commercial arrangements.

Advertising fees from product providers for product advertisements through emails, sponsored content
or placement on the InfoChoice website are based on Cost per Impression, Cost per Click, Cost per
Application, Cost per Approved Application, Cost per Lead, Fixed Sponsorship/Advertising fee or a
combination.

InfoChoice may also receive fees from product providers for the following activities:

Subscription fees for data provision

Fixed cost development, licensing and hosting fees for the use of financial calculators, Key
Facts Sheets and research.

All fees are negotiated with institutions on a case by case basis and varies between products and
providers.